RI managing general agent bonds.
$1,000 flat.
A Rhode Island managing general agent (MGA) is licensed under the Managing General Agents Act (R.I. Gen. Laws ch. 27-51), overseen by the Department of Business Regulation’s Insurance Division. This bond is the $100,000 figure on the MGA bond form — ours is $1,000 flat.
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Three steps. One sitting.
MGA bonds are straightforward license bonds. Here's the entire process:
Apply online
Business details and an effective date. No financials, and no credit section in the application.
Pay & e-sign
Fixed-amount license bonds like this often issue right after purchase, and at most within 1–2 business days.
File with the Insurance Division
Your executed bond arrives by email, ready to file with your MGA licensing record. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A managing general agent (MGA) acts for an insurer with broad authority — binding coverage, underwriting, settling claims, or appointing producers on the insurer’s behalf. Because an MGA handles an insurer’s money and obligations, the relationship is closely regulated.
Rhode Island governs MGAs under the Managing General Agents Act, R.I. Gen. Laws ch. 27-51, administered by the Department of Business Regulation’s Insurance Division. The Act sets out MGA licensing, required contract provisions between the MGA and insurer, the insurer’s oversight duties, and examination authority. A surety bond like this one provides a financial backstop for the MGA’s obligations.
It is not insurance for you — if the surety pays a valid claim, you repay the surety. Because the exact bonding trigger and amount can depend on your appointment and the Insurance Division’s current requirements, confirm with the Division that this $100,000 MGA bond is what your situation calls for.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — the application collects no credit information.
Start the application →Common questions.
Other Rhode Island bonds.
Finish your MGA filing today.
$1,000 flat, no credit review, bond often issued in 1–2 business days. Free until issued.